Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,866 shares of the aerospace company’s stock after purchasing an additional 1,400 shares during the period. Advisors Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares in the last quarter. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC increased its holdings in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Huntington Ingalls Industries by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after purchasing an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Huntington Ingalls Industries by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after purchasing an additional 13,439 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the company from $280.00 to $285.00 in a report on Monday, September 9th. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $198.95 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The company’s 50-day simple moving average is $238.34 and its 200-day simple moving average is $251.59. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.81 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business posted $3.70 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.36%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.